Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Enterprise Finance drives financial management for the company and maintains and enhances risk and financial controls. Key functions within Enterprise Finance include finance and accounting; Treasury; corporate development, mergers, and acquisitions; Data Management and Insights, the Customer Remediation Center of Excellence, Enterprise Shared Services, Business Process Management, and Corporate Strategy. Enterprise Finance informs shareholders, regulators, taxing authorities, team members, and leaders of the company's financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines. They also maintain and enhance risk and financial controls and lead many of the company's shared services functions including corporate properties, security, and global services.
Corporate Development: Corporate Development directs all acquisition activities for the company, including mergers, acquisitions, divestitures, strategic investments, and joint ventures. They coordinate with multiple lines of business, partner groups, and senior management for the planning, execution and integration of transactions. With a commitment to an objective, metric-based approach to acquisitions and divestitures, the team provides analysis on potential acquisitions and divestitures as well as existing businesses to help us think strategically about areas for growth and shrinkage.
Recovery and Resolution Planning ('RRP'): The Dodd-Frank Wall Street Reform and Consumer Protection Act requires major financial institutions to create and submit to regulators two kinds of annual plans:
Recovery Plans describe actions the company will take to avoid failing in severe financial distress, and
Resolution plans (or living wills) are blueprints our regulators use in the event the company fails and provide a roadmap on how our core businesses and operations would continue to operate, or be wound down in an orderly manner without jeopardizing the economy or global financial markets.
Part of Enterprise Finance, the Recovery and Resolution Program Office ('RRPO') leads recovery & resolution planning at Wells Fargo. The RRPO develops and maintains Wells Fargo's plan strategies, ensures the company maintains the necessary capabilities to execute its strategies and provide flexibility to regulators in the event of a recovery or resolution event, prepares required plan documentation and associated financial information, and ensures the company operates within a well-defined governance framework. The RRPO relies upon close working partnership with an extensive network of senior leaders across the company, who maintain responsibility for execution of recovery and resolution planning requirements. These requirements impact a wide range of company activities, including finance, legal, treasury, operations, risk management, and strategic planning.
RRP Separability Capability: The development and maintenance of a Separability capability is an RRP requirement spanning several annual required plan submissions. The RRP Separability capability is led by the Company's Corporate Development team, which manages the Company's business as usual divestitures and acquisitions. The Separability capability contemplates the divestiture of businesses and portfolios across all of the Company's major lines of business as a strategy to raise capital and liquidity in the event of financial distress. The Separability Capability is focused on
Developing and maintaining the capabilities to successfully execute significant divestitures in a reasonable time frame while maintaining operational continuity;
Identifying discrete portfolios and businesses that could be sold during times of financial stress;
Conducting reverse due diligence exercises for each Divestiture Option and organizing due diligence output and related risk/mitigant analyses into Divestiture Option Playbooks (i.e., execution guides) to demonstrate our operational preparedness to implement any business and/or portfolio sale option.
Job Description: The Corporate Development Separability team is seeking a Strategy Consultant 4 ('Separability Senior Execution Lead') to support the continued development and maintenance of Corporate Development's on-going RRP deliverables. Given the complex regulatory nature of the RRP program and criticality of successful yearly plan submissions, the Separability team requires an Execution Lead be aligned to each core business line (Consumer & Small Business Banking, Consumer Lending, Commercial Banking, Corporate & Investment Banking, and Wealth & Investment Management). The Senior Execution Lead will be responsible for ensuring the successful implementation of RRP Separability Deliverables required for the Commercial Banking and Corporate & Investment Banking (i.e., Legacy Wholesale) core business lines, including a variety of Divestiture Option Playbooks and Reverse Due Diligence initiatives and documentation. This position requires both tactical and strategic execution in order to meet the yearly objectives defined by the regulators for RRP.
Responsible for the end-to-end planning, tracking, communication, documentation, and execution of all Separability deliverables and objectives aligned to the Commercial Banking and Corporate & Investment Banking core business lines.
Given RRP program requirements are complex and constantly evolving, the individual must be able to successfully lead Separability constituents through ambiguity under very tight timeframes to complete deliverables.
Build and maintain strong working relationships with the Commercial Banking and Corporate & Investment Banking RRP Program Office and Commercial Banking and Corporate & Investment Banking line of business Divestiture Option leaders that have responsibility for Separability Divestiture Option Execution Playbooks.
Partner across a wide variety of additional stakeholders to ensure Separability playbook deliverables appropriately address regulatory guidance and are completed on time.
Stakeholders include Horizontal Corporate Partner M&A subject matter experts (e.g., Legal, Human Resources, and Enterprise Transition Services), Corporate Development M&A Consultants, Wells Fargo Securities, Corporate Financial Planning & Analysis, external consultants, RRPO leadership, etc.
Collaborate with partners and stakeholders to create execution plans and ensure all deliverables and objectives are successfully met per the intended scope and time line outlined in the RRP Program calendar, including:
Analysis and understanding of the requirements and actions needed, to meet deliverables.
Identify associated impacts, dependencies, and risks relative to the successful completion of each target milestone.
Assist the Corporate Development Separability team in designing and enhancing deliverables (including Narratives) that describe the Separability Capability, Execution Playbooks, and Reverse Due Diligence Templates and ensure they meet all regulatory requirements and best practices.
Play a lead role in supporting the Corporate Development Separability Manager across a range of non-M&A subject matter related activities that may include:
Helping ensure required governance is embedded and maintained into design and execution processes by meeting regularly with oversight bodies including Audit, Independent Risk Management, and the RRPO.
Providing ongoing coaching and feedback, recognizing and developing Separability team members, and ensuring industry and company best practices are instituted and followed.
Assist in sourcing and hiring talented team members.
Manage the communication and mitigation of all risks and issues, and ensures appropriate escalation to the Corporate Development RRP Separability program.
Effectively lead and document routine workstream meetings and ensure active engagement from all required stakeholders throughout the development of all deliverables and committed milestones.
Maintain and document routine reporting materials to be used for the workstream team, Corporate Development RRP program and senior management.
Provide other responsibilities including:
Remain closely aligned with the Corporate Development RRP program to ensure alignment with standards and success of the overall RRP program goals and milestones.
Conduct 'lessons learned' to identify and recommend opportunities to improve the efficiency and effectiveness of all RRP-related activities.
Support Corporate Development Separability team in strategy, planning, administrative, and adhoc duties as needed.
8+ years of strategic planning experience
Ability to lead during times of ambiguity and change
Excellent verbal, written, and interpersonal communication skills
Ability to manage in a matrixed organization environment
Other Desired Qualifications
A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
Experience managing cross-functional workstreams and engaging with senior stakeholders to achieve common business goals
Virtual leadership experience with ability to effectively drive results, provide feedback/direction, and manage and build relationships with senior leaders and team members in a geographically dispersed team environment
Proven ability to work through an ambiguous problem and be a self-starter and solution deliverables with modest direction
Proven track record of end-to-end implementation/execution of complex projects
Superior project management skills including the ability to execute/implement multiple projects concurrently, ideally in a regulatory environment
NC-Charlotte: 550 S Tryon St - Charlotte, NC
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Internal Number: 5545868
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo